Carrizo Oil & Gas Inc. (CRZO) Given Average Recommendation of “Buy” by Analysts

Shares of Carrizo Oil & Gas Inc. (NASDAQ:CRZO) have been given a consensus rating of “Buy” by the twenty-three ratings firms that are currently covering the company. Seven analysts have rated the stock with a hold recommendation and fourteen have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $40.74.

Several research analysts have issued reports on CRZO shares. Zacks Investment Research lowered shares of Carrizo Oil & Gas from a “buy” rating to a “hold” rating in a report on Thursday, August 4th. Canaccord Genuity reiterated a “buy” rating and issued a $44.00 price objective on shares of Carrizo Oil & Gas in a research note on Friday, August 5th. FBR & Co set a $49.00 price objective on shares of Carrizo Oil & Gas and gave the company a “buy” rating in a research note on Friday, August 5th. Jefferies Group reiterated a “buy” rating on shares of Carrizo Oil & Gas in a research note on Thursday, August 11th. Finally, Credit Suisse Group AG reiterated a “buy” rating and issued a $42.00 price objective on shares of Carrizo Oil & Gas in a research note on Thursday, August 11th.

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Carrizo Oil & Gas (NASDAQ:CRZO) traded down 1.52% on Tuesday, hitting $35.67. 623,183 shares of the stock traded hands. The stock has a 50-day moving average price of $37.63 and a 200 day moving average price of $37.05. The company’s market cap is $2.32 billion. Carrizo Oil & Gas has a 1-year low of $16.10 and a 1-year high of $43.56.

Carrizo Oil & Gas (NASDAQ:CRZO) last released its quarterly earnings results on Thursday, November 3rd. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.06. Carrizo Oil & Gas had a negative net margin of 264.25% and a positive return on equity of 85.42%. The firm earned $111.20 million during the quarter, compared to analyst estimates of $127.99 million. During the same quarter last year, the business earned $0.20 EPS. The company’s revenue was up 4.7% compared to the same quarter last year. On average, analysts anticipate that Carrizo Oil & Gas will post $0.98 EPS for the current fiscal year.

In other Carrizo Oil & Gas news, insider S P. Iv Johnson sold 6,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 6th. The stock was sold at an average price of $39.68, for a total value of $238,080.00. Following the completion of the sale, the insider now owns 601,717 shares of the company’s stock, valued at $23,876,130.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Roger A. Ramsey sold 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 6th. The stock was sold at an average price of $39.86, for a total value of $39,860.00. Following the completion of the sale, the director now directly owns 33,450 shares of the company’s stock, valued at approximately $1,333,317. The disclosure for this sale can be found here. 6.30% of the stock is owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in CRZO. Financial Architects Inc raised its stake in Carrizo Oil & Gas by 4,458.8% in the second quarter. Financial Architects Inc now owns 3,100 shares of the company’s stock worth $111,000 after buying an additional 3,032 shares during the period. Moody National Bank Trust Division bought a new stake in Carrizo Oil & Gas during the third quarter worth $201,000. Croft Leominster Inc. bought a new stake in Carrizo Oil & Gas during the third quarter worth $203,000. Blair William & Co. IL bought a new stake in Carrizo Oil & Gas during the second quarter worth $209,000. Finally, Dorsey & Whitney Trust CO LLC bought a new stake in Carrizo Oil & Gas during the third quarter worth $217,000.

About Carrizo Oil & Gas

Carrizo Oil & Gas, Inc is an energy company. The Company is engaged in the exploration, development and production of oil and gas from resource plays located in the United States. Its operations are focused in proven, producing oil and gas plays in the Eagle Ford Shale in South Texas, the Delaware Basin in West Texas, the Utica Shale in Ohio, the Niobrara Formation in Colorado, and the Marcellus Shale in Pennsylvania.